"A lawsuit alleges he's involved in a $440M crypto Ponzi scheme"

Ponzi scheme run through two projects: TradeAI (first phase) StakX (rebrand after collapse) Over 214 investors claim they lost $20M+ collectively It states Hydraze: ran a big crypto alpha group promoted the investment pools profited from the community investing later joined the governance/operations team for the StakX syndicate continued marketing the new investment product So plaintiffs argue he helped market and run the system that took investor money Here's the alert: https://x.com/BurwickLaw/status/2032131933300236534?s=20

138 upvotes

March 12, 2026

Comments

Hydraze 🏴‍☠️

1766

Mar 12, 2026

This lawsuit accuses me of knowingly promoting a ponzi scheme which is absolutely ridiculous and will be proven as so. Myself and the other 20+ community leaders of well known NFT projects and alpha groups were grossly mis lead, lied to with fake documents, fake proof of reserves, fake bank transfers & fake legal letters. Yes I run an alpha group, yes we invested in this scam & yes we all lost money. Yes I trusted the wrong people and lost over $250K of my own funds. Did we lie to anyone, steal any money, profit from or have any part whatsoever to do with running a scam? Absolutely not, as far as we were concerned everything we were being shown was legit.

MLO

2053

Mar 12, 2026

Appreciate you telling your side and wish you luck

sep

1305

Mar 13, 2026

Allegations are serious here, watching legal outcome closely